2 May, 2022
Equity Market Weekly Outlook
- After 2 years of active selling Berkshire Hathaway (BRK.A, BRK.B) started buying US equities. 91-year old CEO of Berkshire Hathaway Warren Buffet made a dramatic shift in investing strategy.
- According to analysts at Goldman Sachs, $5 bn of demand per day is expected on equities.
- Federal Open Market Committee members are expected to meet on May 3-4th and announce a new policy statement.
- The US Employment Cost Index, a broad gauge of wages and benefits, advanced 1.4% in the first quarter.